Business CBN Fulfils Promise, Sells Dollar At N360 To BDCs


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The Central Bank of Nigeria on Thursday sold $20,000 to each registered Bureau de Change operators who bided for forex yesterday at a rate of 360 naira per dollar in order to boost liquidity.

A Trader, Shehu Usman who confirmed the development told Daily Trust that the CBN fulfilled their promise which brought stability in the forex market.

The apex bank also offered the sum of $100 million to authorized dealers to meet the requests of wholesale customers at the forex auction in the interbank wholesale window.

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The Acting Director, Corporate Communications Department at the CBN, Isaac Okorafor, disclosed this in a statement.

The statement said that no intervention was made in the retail window in yesterday’s auction.

Related: Naira Falls to N390 Per Dollar at Parallel Market
 
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